ProShares Nanotechnology ETF (NYSEARCA:TINY) Short Interest Up 86.7% in May

ProShares Nanotechnology ETF (NYSEARCA:TINY) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 6,476 shares, an increase of 86.7% from the April 30th total of 3,468 shares. Approximately 6.5% of the company’s stock are sold short. Based on an average daily volume of 2,185 shares, the days-to-cover ratio is presently 3.0 days.

ProShares Nanotechnology ETF Trading Up 0.6%

TINY stock opened at $82.92 on Tuesday. The firm has a market capitalization of $8.29 million, a PE ratio of -156.45 and a beta of 1.57. ProShares Nanotechnology ETF has a 1-year low of $39.08 and a 1-year high of $85.00. The business’s 50 day simple moving average is $73.09 and its 200 day simple moving average is $63.88.

Hedge Funds Weigh In On ProShares Nanotechnology ETF

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in shares of ProShares Nanotechnology ETF by 5.9% during the 4th quarter. SG Americas Securities LLC now owns 16,897 shares of the company’s stock worth $899,000 after buying an additional 935 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of ProShares Nanotechnology ETF by 15.7% in the first quarter. Jane Street Group LLC now owns 15,685 shares of the company’s stock valued at $592,000 after purchasing an additional 2,126 shares in the last quarter. Flow Traders U.S. LLC lifted its holdings in shares of ProShares Nanotechnology ETF by 2.1% in the third quarter. Flow Traders U.S. LLC now owns 12,514 shares of the company’s stock valued at $636,000 after purchasing an additional 263 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of ProShares Nanotechnology ETF in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 34.48% of the company’s stock.

About ProShares Nanotechnology ETF

The ProShares Nanotechnology ETF (TINY) is an exchange-traded fund that is based on the Solactive Nanotechnology index, a market-cap-weighted index of 30 securities from developed markets involved in nanoscale technology. TINY was launched on Oct 26, 2021 and is managed by ProShares.